Majority of UK adults support raising IHT threshold above £325,000

Some 63% of respondents supported the idea of the government raising the £325,000 threshold at which the estate of the deceased is required to pay IHT. According to the poll, 48% backed the idea of abolishing IHT completely, while 16% said increasing the current 40% IHT rate was a good potential step. In light of Chancellor Jeremy Hunt's comments that there were difficult decisions ahead on tax and spending to rebalance the UK economy, YouGov surveyed 1,700 UK adults on 20 and 21 October. They were asked to seek their views on potential IHT rule changes. Kinglsey Napley partner and he...